Legendary Investor Bill Gross: Current Sell-Off is a "Serious Market Event," Advises Investors to Stay on the Sidelines

BlockBeats News, April 4th - Billionaire Bill Gross, known as the "Bond King," stated in an interview with Bloomberg that the market impact caused by Trump's tariff policy is similar to the collapse of the Bretton Woods system, both having similar profound effects. However, the difference is that the negative consequences of the current crisis are more immediate and direct.

Therefore, Bill Gross advised stock investors who are considering buying the dip to wait and see, stating that this sell-off is a "serious market event" with no immediate signs of resolution. He said, "Trump will not back down in the short term; he is too strong-willed to do so."